DENVER, Colo., Dec. 7, 2023 (www.247marketnews.com)- Siyata Mobile (NASDAQ:SYTA) stated, this morning, that it received a $900,000 order for the Company’s UV350 In-Vehicle device and its PTT rugged handsets.
The order expands the First Responder and Fleet Management Mobile specialist’s relationship with existing international defense and EMS customers, and is expected to be delivered this and next quarter. Based on yesterday’s closing price, its market cap is about $1.8 million, which highlights the
“These orders increase our penetration with existing customers and affirm the positive impact our communication solutions are having. We are pleased that they are satisfied with the performance of our devices and will be deploying more of them across their mission critical operations,” stated Marc Seelenfreund, Siyata’s CEO.
Siyata began trading post reverse split this week, in what’s become a hot market for many post-split listings. Some of November’s post-split poppers include Incannex Healthcare Inc (NASDAQ:IXHL), which has been on fire since completing a 1 for 4 reverse on the 30th, Yoshiharu Global Co. (NASDAQ:YOSH), which completed a 1 for 10 reverse on the 28th and flew from below $6 to nearly $14, and Clearmind Medicine Inc (NASDAQ:CMND), which has been one of the most heavily traded stocks since its reverse.
On Tuesday, Siyata hit an intraday high of $4.93, but lost some of those gains when an investment bank sent out an email stating that they were in the money, causing their investors to sell, so most, if not all, of the previous funding overhang has cleared.
The nearly one million shares that traded that day, represents almost twice the number of shares in the float, so there may be short covering demand combined with a limited supply from clearing the overhang.
If that’s the case and today’s news spreads, we could see the next great post-split run.
24/7 Market News
24/7 MARKET NEWS, INC Disclaimer
24/7 Market News (24/7MN) is a third-party publisher and online news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ, and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7 MN is not affiliated with any company written about in this release and owns no shares of stock. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.
The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable.
Few succeed in the stock market. Don’t trade if you’re not able to devote the necessary time. Earmark your surplus funds that you’re prepared to lose. Assess your risk appetite and set your stops accordingly, and honor your stop losses. Always employ loss limiting strategies. Be prepared to be blindsided by hidden risks, a bad company financing or other move can turn gains into losses.
Learn technical analysis, charting, patterns, and setups. Buying at the bottom and selling at the top is a myth. The middle half of a move is the sweet spot and learn how to exit a winning position, because trying to time the exact top can turn into big losses. Trade small and take advantage of small price move strategies, like scalping.
Remove emotional and psychological biases, and consider that you’re competing against professionals who’re deploying a number of powerful stock market tools. Successful traders make more on their winners than they lose on their losers. Learn how to interpret the ECN/Level 2 data.
The stocks and strategies discussed are simply ideas only and are in no way financial advice or recommendations. The author may or may not at any time be holding securities discussed. The author may or may not enter trades in the stocks mentioned. Some positions in mentioned stocks may already be held or are being adjusted or are simply examples, ideas or discussion topics. You are always trading at your own risk.
Link to SYTA disclosure here- https://www.247marketnews.com/syta-siyata/
Connect with 24/7 Market News:
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.